RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a "policy priority" for the central bank to make the post-pandemic recovery more equitable and sustainable. The Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of access, usage and quality, Das said, while speaking at the Economic Times Financial Inclusion Summit. It is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable of effectively addressing risks like mis-selling, cybersecurity, data privacy and promoting trust in the financial system through appropriate financial education and awareness, he added.
Prime Minister Modi has said it is their small units that drive the Indian economy.
From Singapore to Almora, Abhishant Pant has survived without cash, and he wants to continue in that state all his life.
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
Foxconn, which is Apple's largest manufactures, has decided to set up a manufacturing base in India
On Sunday, August 9, over 400 California-based community leaders from various organisations and inter-faith groups gathered under the Indo-American Community of West Coast USA banner, some of whom were the first to sign up for the event.
A CNN-IBN-Axis MyIndia poll about the Modi Government's first year in power assessed the government's performance from a layperson's perspective.
AIBOC in a letter to the Prime Minister, has said the government should not expect the banking fraternity to "join the political campaign of #MainBhiChowkidar" unless issues related to merger of banks, salary revision and staff recruitment, among others, are addressed.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
New schemes allows consumers without Aadhaar to receive cash directly in their bank accounts
179 million debit cards were issued during December 2016 to June 2018. A mere 2,000 ATMs were opened in the same period.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Around 40% of India Inc feels that Modi govt's biggest weakness in the last 6 months has been its slow pace of economic reforms.
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry.
The Supreme Court on Thursday assured the Centre and bodies like SEBI and RBI that it will take a decision by Friday evening on their plea seeking setting up a larger bench for modifying an earlier order restricting the voluntary use of Aadhaar card to PDS and LPG schemes only.
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
Prime Minister Narendra Modi, in his maiden Independence Day address, had made several promises to the nation.
Bureaucrats heading disinvestment and financial services usually don't get appointed as finance secretary.
His 7-day long trip to the United States starts on June 17.
Progress on several parameters creates a tipping point situation.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
According to BJP strategists, PMJAY and the PM Ujjwala Yojana will form the nucleus of the Modi government's re-election campaign.
As US businessmen and investors await Prime Minister Narendra Modi's US visit, the investor community and the industry leaders said the success of 'Mangalyaan' goes on to prove India's growth story based on 'frugal innovations'.
55 million people already in the social security net
'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
From a ruling party's perspective, the BJP is in a sweet spot; editorial independence and analytical coverage of governance is rapidly declining
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
RuPay has 42% of total debit cards, but contributes only 16% of PoS, e-commerce transactions. With banks scheduled to renew deals with Visa, Mastercard, here's how RuPay plans to increase its reach to premium customers.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
The central bank gave 11 entities licences to start payments banks.
The housing stock demand may increase further
The meeting with Xi is being held amid the ongoing trade war between the United States and China.
ArthaKranti wants the government to abolish income tax and 56 other taxes and replace it by a banking transaction tax.
So far, 758 million Aadhaar numbers have been generated.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
Four recent instances help us understand why Prime Minister Narendra Modi could truly be called the chief human resources officer (CHRO) of the country.
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'India is doing better than when we took office 17 months ago'.
Bharatiya Janata Party president Amit Shah on Saturday attacked Rahul Gandhi after the Congress vice president questioned the NDA government's achievements, saying it was no mean feat that even the opposition has been unable to level any corruption charges against it.
The finance minister said easy access and efficiency in providing banking services will help in revival of businesses which are restarting operations after the lockdown.
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